House Passes Tax Reform Sending Bill To President Trump's Desk
After a procedural snafu last night, the House officially passed tax reform this morning. Now the bill goes to President Trump's desk to be signed into law.
Jack Hunter, Editor at Rare Politics, explains what happened that forced the House to vote on the bill for a second time. Since Congress is attempting to pass legislation using budget policy, there are a special set of rules that have to be followed. The Senate claimed that the House violated those rules in multiple ways.
President Trump could sign the bill into law as soon as tonight. However, even if it gets signed this week, Americans won't feel the effects of tax reform until next year. Hunter walks through some of the ways your taxes could be impacted.
U.S. Sen. Bob Menendez of New Jersey faced a new charge Thursday that he conspired to act as an agent of the Egyptian government, a remarkable accusation against a Democrat who had a powerful role in U.S. policy as head of the Senate’s Foreign Relations Committee.
An Israeli ground offensive in the Gaza Strip would further escalate the war raging since Hamas launched its unprecedented attack, killing hundreds of civilians.
A retired bank official testified that former president Donald Trump obtained hundreds of millions of dollars in loans based on financial statements that have since been deemed fraudulent.
More than 90% of the people killed by a 6.3-magnitude earthquake in western Afghanistan last weekend were women and children, U.N. officials reported Thursday.
Millions of Social Security recipients will get a 3.2% increase in their benefits in 2024, far less than this year's historic boost and reflecting moderating consumer prices.
